INCLINE VILLAGE, NV / ACCESSWIRE / February 3, 2020 / American Battery Metals Corporation (OTCQB:ABML) (the "Company"), an American-owned advanced technology battery recycling and resource production company based in Nevada, today discussed the global e-waste challenge resulting from skyrocketing projections for the adoption of electric vehicles.
A recent article in Geographical, the magazine of the Royal Geographical Society, highlights the significant challenges posed by e-waste from electric vehicle lithium-ion batteries. The article addresses the many problems- and dangers- presented by lithium-ion batteries when improperly handled or not recycled. In addition to an exponential increase in hazardous waste across the globe, pitfalls include fires at metal-waste recovery facilities, as well as the loss of valuable minerals that could otherwise be reused.
According to SRS Media, demand for lithium-ion batteries is growing in comparison to other chemistries in the global market. Declining prices coupled with increasing power density is increasing adoption in consumer electronics, automotive, medical and industrial applications. The lithium-ion battery market is estimated to grow from $37.4 billion in 2018, to $92.2 billion by 2024, at a CAGR of 16.2 % between 2018 and 2024.
American Battery Metals Corporation Chief Executive Officer, Doug Cole, stated, "We see our lithium-ion battery recycling process as both a solution and an opportunity. We are helping to solve the growing e-waste problem, reduce the carbon footprint of the EV industry- both up and downstream- and we are doing so in a manner that is profitable for our Company and cost-effective for the supply chain."
American Battery Metals Corporation Chief Technology Officer, Ryan Melsert, described the companies process. "The integrated process we have developed for the recycling of lithium-ion batteries is informed by our knowledge and expertise in the engineering and manufacturing processes of the lithium-ion battery itself. American Battery Metals Corporation takes in fully charged lithium-ion batteries, such as those used in consumer electronic devices and electric vehicles, and we are able to extract each of the metallic elements including lithium, cobalt, nickel, manganese, copper, and aluminum in the exact form they are needed for immediate redeployment back into the battery supply chain."
American Battery Metals Corporation is leading the way toward a more circular economy. While many conventional methods of lithium-ion battery recycling typically produce cobalt and nickel, the American Battery Metals Corporation process completely recycles and recovers every critical and strategic element of a battery pack. Every unit of battery metal that is recycled is one less unit required from the mining of a natural resource.
American Battery Metals Corporation
American Battery Metals Corporation (www.batterymetals.com) (OTCQB:ABML) is an American-owned, advanced technology battery recycling and resource production company based in Nevada. The company is focused on its lithium-ion battery recycling and resource production projects in Nevada, with the goal of becoming a substantial domestic supplier of battery metals to the rapidly growing electric vehicle and battery storage markets in America.
For more information, please visit: www.batterymetals.com
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including those with respect to the expected project economics for Western Nevada Basin (Railroad Valley), including estimates of life of mine, average production, cash costs, AISC, initial CAPEX, sustaining CAPEX, pre-tax IRR, pre-tax NPV, net cash flows and recovery rates, the impact of self-mining versus contract mining, the timing to obtain necessary permits, the submission of the project for final investment approval and the timing of initial gold production after investment approval and full financing, metallurgy and processing expectations, the mineral resource estimate, expectations regarding the ability to expand the mineral resource through future drilling, ongoing work to be conducted at the Western Nevada Basin (Railroad Valley), and the potential results of such efforts, the potential commissioning of a Pre-Feasibility study and the effects on timing of the project, are "forward-looking statements." Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for future exploration, development or production, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices, final investment approval and the ability to obtain necessary financing on acceptable terms or at all. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended September 30, 2018. The Company assumes no obligation to update any of the information contained or referenced in this press release.
SOURCE: American Battery Metals Corp.